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MANAGEmENT news www.attractionsmanagement.com
26 jUNE 2019 Issue 133
Cedar Fair acquires Schlitterbahn brand Cedar Fair has announced the acquisition of waterpark operator Schlitterbahn, gaining two new Texas waterparks in the process. Upping its waterpark portfolio to 15, the Schlitterbahn Waterpark and Resort New Braunfels and Schlitterbahn Waterpark Galveston represent a cash purchase of US$261m (€233.4m, £208.2m) for Cedar Fair. As part of the deal, the company also has an option to acquire a third site in Kansas City, which previously operated as a Schlitterbahn waterpark.
■■Schlitterbahn Waterpark Galveston has the world's tallest water-coaster
"These properties represent new markets for us, with attractive demographics in the growing central
systems will support a smooth integration
Texas region, and they align with
of these properties by ensuring a
our strategy to identify compelling
premium guest experience, strong team
opportunities to accelerate our growth and
collaboration and superior execution."
profitability," said Richard Zimmerman,
In 2018, the two Texas waterparks and New Braunfels resort received 1.2 million
Cedar Fair's president and CEO. "The investments we've made over
guests and generated annual revenues
the past five years to strengthen our
of US$68m (€60.79m, £54.26m).
back-of-house and customer-facing
More: http://lei.sr/R4a6K_A
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These properties represent new markets for us, with attractive demographics
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